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Keppel DC REIT receives 79.4% excess applications for preferential offering

Ashley Lo
Ashley Lo • 2 min read
Keppel DC REIT receives 79.4% excess applications for preferential offering
A total of 148,413,063 preferential offering units will be issued at the issue price of $2.03 per preferential offering unit. Photo: Keppel
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The manager of Keppel DC REIT says the REIT has received valid acceptances and excess applications for a total of 237,305,023 preferential offering units, as at the close of the preferential offering on Dec 10. 

Valid acceptances and excess applications stood at 119,529,616 and 117,775,407 preferential offering units, or 80.5% and 79.4% respectively.  

According to the manager, a total of 28,883,447 excess preferential offering units, which were not validly accepted or not taken up, is set to be allotted to satisfy applications for excess preferential offering units.

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